PR News Wire (Free subscription) | 11/04/2009
MILWAUKEE, Nov. 4 /PRNewswire-FirstCall/ -- Marshall & Ilsley Corporation (NYSE: MI) (M&I) will present at the Bank of America Merrill Lynch Banking and Financial Services Conference at 9:30 a.m. (Central Standard Time) Wednesday, Nov. 11, at the Grand Hyatt Hotel in New York City.
Business Wire (Free subscription) | 10/22/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the ratings of Marshall & Ilsley Corporation (MI) and its subsidiary banks, including M&I Marshall & Ilsley Bank. Additionally, Fitch has removed the ratings from Rating Watch Negative and assigned a Negative Outlook. The long- and short-term Issuer Default Ratings (IDRs) of MI and its subsidiary banks are 'BBB+' and 'F2', respectively,...
PR News Wire (Free subscription) | 10/22/2009
MILWAUKEE, Oct. 21 /PRNewswire-FirstCall/ -- Marshall & Ilsley Corporation (NYSE: MI) (M&I) announced today the pricing of its public offering of 136 million shares of its common stock at $5.75 per share. The proceeds to M&I, after deducting underwriting discounts, commissions and offering expenses, will be approximately $750 million. M&I has granted the underwriters an option to purchase...
Business Wire (Free subscription) | 10/20/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings expects to affirm the Issuer Default Rating (IDR) and debt ratings of Marshall & Ilsley Corporation (MI) and its subsidiary banks, including M&I Marshall & Ilsley Bank, upon the successful completion of MI's capital raise. Today, MI announced that it had commenced a public offering of approximately $775 million in common stock. Additionally, Fitch...
PR News Wire (Free subscription) | 10/20/2009
MILWAUKEE, Oct. 20 /PRNewswire-FirstCall/ -- Marshall & Ilsley Corporation (NYSE: MI) (M&I) announced today that it has commenced a public offering of $775 million of its common stock for sale to the public. The underwriters in this offering will be granted an option to purchase up to an additional 15 percent of the shares sold. Morgan Stanley and BofA Merrill Lynch are acting as joint book-runners...
PR News Wire (Free subscription) | 10/20/2009
MILWAUKEE, Oct. 20 /PRNewswire-FirstCall/ --
PR News Wire (Free subscription) | 09/10/2009
Marshall & Ilsley Corporation (NYSE: ) is a diversified financial services corporation headquartered in Milwaukee, Wis., with $59.7 billion in assets. Founded in 1847, M&I Marshall & Ilsley Bank is the largest Wisconsin-based bank, with 193 offices throughout the state. In addition, M&I has 53 locations throughout Arizona; 32 offices in Indianapolis and nearby communities; 36 offices...
Business Wire (Free subscription) | 09/01/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has placed the Issuer Default Rating (IDR) and debt ratings of Marshall & Ilsley Corporation (MI) and its subsidiary banks, including M&I Marshall & Ilsley Bank, on Rating Watch Negative. The long- and short-term IDRs at MI and its subsidiary banks are currently 'BBB+' and 'F2', respectively. A complete list of ratings follows below. Given recent...
PR News Wire (Free subscription) | 08/20/2009
Marshall & Ilsley Corporation (NYSE: ) is a diversified financial services corporation headquartered in Milwaukee, Wis., with $59.7 billion in assets. Founded in 1847, M&I Marshall & Ilsley Bank is the largest Wisconsin-based bank, with 193 offices throughout the state. In addition, M&I has 53 locations throughout Arizona; 32 offices in Indianapolis and nearby communities; 36 offices...
Market Watch (Free subscription) | 08/10/2009
NEW YORK (MarketWatch) -- Marshall & Ilsley Corp. said Monday that it would be adjusting its second-quarter results based on the sale of a pool of mostly non-performing loans. The Milwaukee-based bank sold about 800 residential mortgage loans with unpaid principal balance of $297 million. About two-thirds of the mortgages were located in Arizona. The sale resulted in additional second-quarter...
PR News Wire (Free subscription) | 08/10/2009
The sale of the residential loan pool resulted in additional second quarter charge-offs of $151 million. The allowance for loan and lease losses remains at the same level ($1.37 billion) as reported on July 17. The adjustment resulted in total net charge-offs for the second quarter of $603.3 million and provision for loan and lease losses of $619.0 million. This, in turn, resulted in a loss for the...
Market Watch (Free subscription) | 07/17/2009
NEW YORK (MarketWatch) -- Marshall & Ilsley Corp.'s second-quarter loss narrowed on sharply lower loss provisions, but loan quality continued to worsen during the quarter.
Market Watch (Free subscription) | 07/17/2009
NEW YORK (MarketWatch) -- Marshall & Ilsley Corp. said Friday it lost $139.3 million, or 50 cents a share, in the second-quarter, compared with a loss of $393.8 million, or $1.52 a share, in the year-ago period. Analysts, on averaged, expected the financial services provider to lose 69 cents a share in the three-month period, according to Thomson Reuters. Market Pulse Stories are Rapid-fire, short...
PR News Wire (Free subscription) | 07/17/2009
M&I's average loans and leases totaled $48.9 billion for the second quarter of 2009, decreasing $1.1 billion or 2 percent compared to the second quarter of 2008. When adjusted for the targeted reduction in the Corporation's construction and development portfolio, loan growth was $1.7 billion or 4 percent versus the same period last year. The Corporation's average deposits totaled $39.9 billion...
SeekingAlpha.com (Free subscription) | 07/16/2009
Marshall & Ilsley Corp. ( MI ) is expected to report Q2 earnings before the market open on Friday, July 17 with a conference call scheduled for 12:00 pm. Guidance Analysts are looking for EPS of (69c) on revenue of $585.03M. The consensus range for EPS is (84c) to (34c), while the consensus range for revenue is $578.50M to $598.45M, according to First Call. Complete Story »
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